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Re: None

Sunday, 12/09/2012 5:43:17 AM

Sunday, December 09, 2012 5:43:17 AM

Post# of 22017
WOW either way we win!

"A123 listed assets of $459.8 million and debt of $376 million"

http://www.bloomberg.com/news/2012-12-09/china-s-wanxiang-wins-a123-auction-for-260-million.html

The 260m was only for 2 plant.. not the whole company assets

" As part of the purchase, the buyer may get A123’s stake in a joint venture with Shanghai Automotive Industry Corp.
The grid business focuses on energy generation, transmission and distribution while the commercial division develops products for industries such as telecommunications, industrial robotics and power tools, according to court papers. A123 works with the government on portable power solutions, unmanned aerial vehicles, pulsed power weapons as well as small energy cells for remote devices. "

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